04.12.2012 - We can expect China to keep gobbling the world's resources
Commodity supercycles usually end abruptly, catching almost everybody by surprise. The rhythm is as old as mankind, poignantly described in the life of an Icelandic sheep farmer 100 years ago by Nobel laureate Halldór Laxness. Studies by the World Bank covering two centuries sketch a pattern of 10-year booms, followed by a slide for the next 20 years or so as excess investment leads to a flood of supply. The long bear market can be cruel for those hanging on to resource stocks, convinced that the rebound is nigh...............................................Full Article: Source
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